Myntra has bought Bengaluru-based start-up Witworks, a maker of wearable devices, for an undisclosed amount, as the Flipkart-owned online fashion retail firm looks to diversify and launch new categories, even as it...
Any Flipkart-Amazon deal to face intense CCI scrutiny
Any Flipkart-Amazon deal is likely to face close scrutiny for the competition watchdog, according to experts, given the dominant market share the two entities have in the ecommerce space and the weight the combined...
MakeMyTrip partners with Flipkart for travel bookings
Online travel portal MakeMyTrip Ltd has formed a partnership with Flipkart to allow customers to book domestic flight tickets and other travel services directly through the e-commerce firm’s portal. The partnership will...
Flipkart dialled Amazon after Walmart revived deal talks
India’s leading e-commerce firm Flipkart reached out to global internet giant Amazon.com Inc. for a potential sale less than a year after its chairman said India needs to follow the Chinese example of promoting local...
Amazon may make rival bid for Flipkart
Amazon may submit a rival offer to buy India’s largest e-commerce firm Flipkart, which is in advanced talks with Walmart Inc. for selling a majority stake, said two people with direct knowledge of the matter. Amazon has...
Alibaba to buy remaining shares in food delivery app Ele.me
Chinese e-commerce giant Alibaba Group Holding Ltd (BABA.N) said on Monday it would buy the remaining shares of Ele.me, a major platform in China’s food delivery market, as it competes with Tencent Holdings Ltd (0700...
Whole Foods calls supplier summit amid Amazon angst
Whole Foods will host a summit on Tuesday for up to 200 of its suppliers, amid anxiety about how its ongoing business revamp will play out under new owner Amazon.com AMZN.O. Amazon’s $13.7 billion purchase of Whole...
Shardul Amarchand Mangaldas advises Pepperfry in raising Rs 2.5 bn funding
Shardul Amarchand Mangaldas advised Pepperfry on its Rs 2.5 billion fund-raising from US-based investor State Street Global Advisors. Pepperfry operates an e-commerce business in India and State Street Global...
Here’s why Amazon bought a doorbell company Ring for $1 billion
Last week Amazon.com Inc. bought the Santa Monica, California-based smart home equipment maker Ring for an estimated $1 billion in cash. Though filled with less import than the company’s $13.4 billion acquisition of...
Flipkart’s parent entity invests Rs 48.4 bn into two India units
The Singapore-based holding company of India’s largest e-commerce marketplace Flipkart has infused Rs 48.4 billion into two of its largest India entities as it plans to step up its investments in the country to stay...
Amazon buys startup Ring in $1 billion deal to run your home security
Amazon.com Inc (AMZN.O) has agreed to buy video doorbell maker Ring, the companies said on Tuesday, in what analysts see as a growing bet on delivering packages inside of shoppers’ homes and on home security. The deal...
Alibaba is said to buy rest of Ele.me from Baidu, other backers
Alibaba Group Holding Ltd has agreed to buy the shares of food delivery startup Ele.me it doesn’t already own to boost its last mile delivery network, a person familiar with the matter said. The e-commerce giant, which...
